Lenovo's earnings jumped by 36 percent last quarter thanks to rising sales of its mobile phones and tablets.
Earnings for the quarter ended September 30 came in at $220 million, while revenue rose by 13 percent to $98.8 billion. Smartphone shipments grew by 78 percent from the prior year, while tablet shipments hit a record high of 2.3 million.
PC sales for Lenovo also were healthy despite an overall sluggish market. Laptops accounted for 51 percent of Lenovo's total revenue. Desktop PC shipments inched up only 1 percent, but that beat the industry's decline of … Read more